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The Market In 5 Minutes: Stocks Sell Off For Second Day In A Row

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

The U.S. stock market sold off on Wednesday for the second straight day after a strong opening to the week on Monday. Losses were modest, but the vast majority of sectors finished the trading session in the red, led by energy, which fell 1.37 percent and basic materials stocks, which lost 1.24 percent. The losses are a part of a broader sell-off in commodities in recent days.

Oil prices continued to fall Thursday, after an initial rebound faded amid expectations of a stronger dollar and continued concerns over the mismatch in crude’s supply and demand. The falls extend Wednesday’s steeper drops which had taken both benchmarks to multiweek lows on the back of strong U.S. inventory levels.

Sell-Side's Most Noteworthy Calls

Deal Talk

Infoblox BLOX is said to be in the process of selling itself, according to sources as reported by Reuters on Wednesday. Intersil is said to have received takeover interest from private equity firms, including Thoma Bravo, the sources said. Infoblox declined comment on the rumor. Thoma Bravo had not responded to a request for comment.

In the News

Donald Trump, hours after seeming to ease his immigration and trade policy while standing with Mexico's president, told a crowd that all illegal immigrants are "subject to deportation" and that all those seeking legalization will have to go home and re-enter the country legally.

Wall Street's next frontier? Hacking into the emotions of traders. Startups wielding sensors and algorithms promise a new era of surveillance.

Blogosphere

Here are 10 things investors can learn from the horse track: "Even a horse with a very high likelihood of winning can be either a very good or a very bad bet, and the difference between the two is determined by only one thing: the odds."

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